Alpha Corporation Acquired a Patent for $60,000 Which Has an Expected

question 163

Multiple Choice

Alpha Corporation acquired a patent for $60,000 which has an expected service life of five years and zero salvage value. The annual amortization is

• A)$5,000.
• B)$6,000.
• C)$12,000.
• D)$24,000.
• E)$30,000.

---

Definitions:

Thoughts

The mental processes that involve reasoning, remembering, imagining, or planning.

Cross-Cultural Differences

Variations in the norms, values, behaviors, and practices observed among individuals from different cultural backgrounds.

Behavior

The way in which one acts or conducts oneself, especially towards others.

Deliberate System

A cognitive system that is rational, slow, and analytical, often contrasted with automatic or instinctual systems.